Video output has wrong colors

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I realize some people may still be using HD 1080 displays, but I think 4K TV's have become much more ubiquitous over the past 3 years as prices have come down drastically and pretty much any TV in a Costco or Best Buy these days is 4K. If both my AVR and my TV support 4K, HDR and Dolby Vision, and I'm mainly watching shows and movies created in the past 3 years streamed from Netflix, HBOMax, Hulu, and Disney+, does this SDR bug really affect me and others like me? As I would guess I'm in the majority of usage type scenarios as of end of 2020. But good to know I shouldn't use this device on the old HD 1080 display in my bedroom (although I just watch night talk shows there so picture quality isn't going to be paramount.)